Online Shopping In Bihar Will Attract Upto 12% Entry Tax
The country is enjoying the perks of the commerce boom, all consumers of the online marketplaces have experienced easy shopping and great discounts. However, online shopping as it turns out, is going to become expensive for the residents of Bihar. The Bihar state government has introduced an entry tax of upto 12% for all the products bought online from E commerce Websites. A notification was issued by the state commercial taxes department that brings online business under this tax net.
According to the notification, the products purchased on the web will be charged with additional 12% of entry tax (maximum) and the minimum charges on the products would be 5%. The additional tax will be levied on the products listed under the entry tax list and whose cost is Rs. 1,000 or more.
Here’s how Bihar government has decided to impose entry tax on the online products:
While many believe that this will promote retail growth, the future still looks bleak for retail merchants. The online marketplace has become the home of many products, some which are rarely available offline. The online only model has also attracted the likes of YU, Xiaomi and Oneplus among many other to do business in India.